Analysts Set GDS Holdings Limited (NASDAQ:GDS) Target Price at $22.60

Shares of GDS Holdings Limited (NASDAQ:GDS) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $33.23.

Several equities research analysts have recently commented on GDS shares. Jefferies Financial Group cut shares of GDS from a “buy” rating to a “hold” rating and raised their target price for the stock from $27.06 to $45.00 in a research report on Monday. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. JMP Securities began coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $26.00 to $37.00 in a research report on Tuesday. Finally, Citizens Jmp raised shares of GDS to a “strong-buy” rating in a report on Monday, January 27th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of GDS during the third quarter valued at approximately $64,000. PNC Financial Services Group Inc. lifted its stake in shares of GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after acquiring an additional 672 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after purchasing an additional 3,599 shares during the period. Finally, Signaturefd LLC boosted its position in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Price Performance

Shares of GDS stock opened at $37.95 on Friday. The company’s fifty day simple moving average is $27.73 and its two-hundred day simple moving average is $22.27. GDS has a 12-month low of $5.85 and a 12-month high of $52.50. The firm has a market cap of $7.23 billion, a PE ratio of -12.44 and a beta of 0.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.